XRP, $17 Million Inflow... '0 Dollar' Outflow

▲ XRP

Market attention is focused on XRP as it breaks through a key resistance level immediately after setting an unprecedented record of $0 in ETF fund outflows.

According to U.Today, a cryptocurrency specialized media outlet, on April 22 (local time), XRP recently recorded an unusual trend with no fund outflows in the ETF market. As ETF fund flows coincided with price increases, buying sentiment in the market rapidly strengthened.

According to the report, XRP-related spot ETFs continue to see consistent net inflows, indicating steadily growing interest from institutional funds. In fact, a clear increase in demand has been confirmed, with over approximately $17 million in funds flowing into US-listed XRP spot ETFs on a single trading day.

This fund flow acted as a direct catalyst for price increases. XRP broke through the $1.45 range, which was identified as a major resistance level, showing bullish signals in its technical trend. It is interpreted that the inflow of funds through ETFs absorbed market liquidity, thereby strengthening upward pressure.

The market is paying attention to the possibility that ETF fund inflows are not just a short-term event but could lead to structural changes in demand. With cumulative inflows exceeding $1 billion, continuous inflows of institutional funds could simultaneously provide both reduced price volatility and additional upside potential, according to analysis.

This trend is interpreted as a signal that XRP is establishing itself as an institutional investment asset, beyond just a speculative asset. As long as the direction of ETF funds is maintained, its influence in the market is likely to expand further.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*